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Prices Paid: Buying & Leasing Experiences MINI Cooper Lease Questions
282 messages, Last post on Nov 05, 2009 at 2:24 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jon330cic (Jan 17, 2009 6:58 am) Please help me understand this downpayment thing. Banks are pay interest next to zero these dates. MF 0025 is 6% APR. If I don't carry any debt and have decent saving in the bank. Any reason why shouldn't I go for it? Thank you for your time. 
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Replying to: rocku (Jan 17, 2009 10:21 am) Instead, I would suggest the Multiple Security Deposit program, which will reduce the MF, and you will get the $$ back should the car be totalled. Ask your dealer or read up on the forums. When I did my lease, the ROI on the 7 security deposits I made calculated to about 8%/year - which is a no-brainer given other investment options these days. |
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Hello CarMan... I have a lease question, Im wondering whether I should pull the trigger on this deal. Here are the stats...this deal is in Miami, Florida. 2009 Mini Cooper S MSRP: 27450.00 Selling price $25950.00 Money Factor: 0.00290 Residual Value 67% Lease end value $18391.56 $602.19 Cash Down Total Add Cap Cost: $925.00 $2000 Inception 36 Month Lease 10k miles Monthly Payment $372.85 including tax. FYI: These figures were taken directly from the Mini Saleperson worksheet, I took a picture of it and can email it to you if you need to look it over. Is this a good deal? We walked out, and 15 minutes later we got a call saying that the lowest they can go is $342.00 including tax. What should I do? Please help and thank you!!!
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I am considering a lease offer for a 2009 Mini Cooper (MSRP $20,450.) for $199. It is for 36 months, 10,000 miles/year, plus tax, tag, title and dealer pre-delivery service fee of $599.95. $2,500. due at lease signing. Does this sound like a good deal? Any questions we need to ask them? Thank you for your assistance.
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Replying to: mgm11937 (Jan 06, 2009 4:05 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: toky (Jan 10, 2009 4:56 pm) BMW's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Mini Cooper with 12,000 miles per year should be around .00240 and 69%, respectively (man, what an amazing resid). I see that you are considering making a $1,999 down payment on this car. It is in your best interest not to make any capitalized cost reduction when leasing. I always advise consumers not to do so because if their vehicle is totaled in an accident or stolen and never recovered, there is a good chance that any cap cost reduction that was paid will disappear. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: jorgedbernal (Jan 17, 2009 4:23 pm) Obviously, the $342 payment is a lot more attractive than the $372 payment that you were initially quoted. You should find out what selling price and money factor were used to arrive at the new deal. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: megirn (Jan 20, 2009 7:42 am) One thing that I noticed about this deal is the large amount of money that is due at lease signing. I always advise consumers not to make any capitalized cost reduction when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be slightly higher, you will be better off going with a zero down lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jan 21, 2009 3:11 am)
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Replying to: Car_man (Jan 21, 2009 3:31 am) They started at MF of 0.0031 and came down to 0.0029. I think he said something about the dealer buys the money at 0.0025. Doc fees of $395 and registration fee of $200. Would the MF be different for Cooper S rather than a non-S? And if so, what should it be for a Cooper S?
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